20th June, 2008

The auction, which closed on Thursday, featured the works of painters, sculptors and installations artists

New Delhi: Online auction house Saffronart said its summer auction featuring 140 works by 67 modern and contemporary Indian artists has fetched Rs38.8 crore.

The auction, which closed on Thursday, featured the works of painters, sculptors and installations artists. World auction records were set for eight artists, a statement said.

The top five lots of the auction were Subodh Gupta’s Untitled, which sold for Rs5.7 crore; S.H. Raza’s Germination, for Rs4.2 crore; Rashid Rana’s Red Carpet–2, for Rs2 crore; J. Swaminathan’s Untitled, for Rs1.84 crore; and F.N. Souza’s Untitled, for Rs1.63 crore.

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